Heliconia's assets under management tops S$1b, and it's still on the prowl
Temasek unit sees new business clusters in esports, entertainment; it has invested in over 30 companies so far
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TEMASEK unit Heliconia Capital has amassed more than S$1 billion worth of assets under management, and has "significant" dry powder to deploy to growth companies that can take Singapore to the global stage, its top executive told The Business Times.
This comes as the investment firm - set up in 2010 - sees opportunity to build at least two new business clusters within a decade out of Singapore's emerging companies: esports, and entertainment, said Heliconia's CEO Derek Lau. It will also continue to invest in technology such as fintech and artificial intelligence.
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